Analysts Set Intec Pharma Ltd. (NTEC) PT at $11.00
Intec Pharma Ltd. (NASDAQ:NTEC) has received an average recommendation of “Buy” from the six research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $11.00.
Several brokerages have weighed in on NTEC. Oppenheimer boosted their price objective on Intec Pharma from $10.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, September 21st. Roth Capital set a $10.00 price objective on Intec Pharma and gave the company a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded Intec Pharma from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. CIBC reiterated an “outperform” rating and issued a $15.00 price objective (up previously from $10.00) on shares of Intec Pharma in a research report on Thursday, September 21st. Finally, Maxim Group set a $8.00 target price on Intec Pharma and gave the company a “buy” rating in a report on Friday, November 17th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caxton Corp purchased a new stake in shares of Intec Pharma in the third quarter worth $681,000. Pura Vida Investments LLC purchased a new stake in shares of Intec Pharma in the third quarter worth $895,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Intec Pharma by 5.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 522,200 shares of the biotechnology company’s stock worth $2,977,000 after acquiring an additional 25,000 shares during the last quarter. Finally, Sectoral Asset Management Inc purchased a new stake in shares of Intec Pharma in the third quarter worth $3,177,000. 40.16% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Intec Pharma (NASDAQ NTEC) traded up $0.05 during mid-day trading on Tuesday, reaching $5.35. The company’s stock had a trading volume of 32,801 shares, compared to its average volume of 45,326. Intec Pharma has a 12-month low of $4.20 and a 12-month high of $9.80.
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About Intec Pharma
Intec Pharma Ltd is an Israel-based drug development company. It is a development stage biopharmaceutical company that develops formulations of drugs using its proprietary gastric retention technology, the Accordion Pill. The Accordion Pill, a novel gastro-retentive delivery system, improves the pharmacokinetics and pharmacodynamics of various drugs.
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